We work with Tatjana and her team for more than 5 years. All these time we were getting invaluable advices and support that saved us a lot of money.
Anthony (Global Tronic SIA)
We rely on Business Latvia in general accounting and payroll support. Management reporting for Head Office and local office helps to manage company better.
Ingrida (Termopalas LV)
We are truly satisfied with the help Business Latvia Accounting and Legal team did for us, when we launched the business in Latvia.
John Payne (TCI Group)
5 THINGS WE KNOW TO BE TRUE
#1 Good accounting help brings more value than fee you pay
Copious amounts of entrepreneurs perceive accounting company services as imperative evil. Usually, they focus only on the lowest valuation and do not even experiment to use accounting aptitudes for their business installation Successful accountant will not only make all necessary reporting requirements, but also will present a request in clear and understandable way about company positions, future perspectives and risks. He will catch and indicate areas where decisions are needed and will provide client with possible solutions. Such apprehend is really working and support clients to earn more.
#2 Small business needs universal aid
Big businesses have their own teams of accountants, lawyers and are able to turn to the best tax advisors and other professionals for support Small business owners are limited with available funds and contacts. We do believe that accounting firms should resolve most of accounting, legal and tax headaches for small business. If it is not the case, what is the point to have accounting firm, you can hire individual accountant or even accounting student.
#3 Business manager should understand accounting basics
Accountant will the manner the documents, prepare and submit reports. He will also provide a question about company overall financial set in place and indicates the areas where business decisions to be made. However, business manager should make final word and take responsibility. However, this is not possible if business manager does not understand the basics. We strongly believe that accountant by no technology should be the one who makes decisions on behalf of business manager. If this is the case, there is no future in this business.
#4 Payment of taxes can bring well being
Payment of taxes is a norm in new world; all discussions about how these taxes are later used by government are speculations and can't justify not payment of taxes. However, business managers are free to select optimal taxation regime for the start of their business and replace it to a more favorable, once it is advantageous to them. All these, require proper search planning and vigilance of legislation substitutions however, doing so, you make sure there is no overpayment of taxes and total amount is fair.
#5 One can negotiate with State Revenue Service
We have a tax research in one of our clients at least once per quarter, so we accumulated great qualification in working with our State Revenue Service During all these books we noticed that zillions of complications could be avoided, if you anticipate State Revenue Patch up in a professional technology Sometimes politeness, history of kept promises, availability and answering of all the questions in a сconfident technology can save you more money than hiding and recruitment of best lawyers to defend you interests Everybody should do their job properly, so helping SRS to address their the embarrassment will open you road to easier find compromise on requests that are required for you.
5 THINGS WE KNOW TO BE TRUE
#1 Good accounting support brings more value than fee you pay
Lots of entrepreneurs perceive accounting company services as needed evil. Usually, they focus only on the lowest price and do not even attempt to use accounting expertise for their business placement Successful accountant will not only make all necessary reporting requirements, but also will present information in clear and understandable technology about company positions, future perspectives and risks. He will catch and indicate areas where decisions are vital and will provide client with possible solutions. Such anticipate is really working and support clients to earn more.
#2 Small business needs universal support
Big businesses have their own teams of accountants, lawyers and are able to turn to the best tax advisors and other professionals for help Small business owners are limited with available funds and contacts. We do believe that accounting firms should resolve most of accounting, legal and tax difficulties for small business. If it is not the case, what is the point to have accounting firm, you can hire individual accountant or even accounting student.
#3 Business manager should understand accounting basics
Accountant will the way the documents, prepare and submit reports. He will also provide a request about company overall financial place and indicates the areas where business decisions to be made. However, business manager should make final word and take responsibility. However, this is not possible if business manager does not understand the basics. We strongly believe that accountant by no way should be the one who makes decisions on behalf of business manager. If this is the case, there is no future in this business.
#4 Payment of taxes can bring happiness
Payment of taxes is a norm in modern world; all discussions about how these taxes are later used by government are speculations and cannot justify not payment of taxes. However, business managers are free to choose optimal taxation regime for the to start of their business and change it to a more favorable, once it is advantageous to them. All these, require proper a diagnostic programming and monitoring of legislation substitutions however, doing so, you make sure there is no overpayment of taxes and total amount is fair.
#5 One can negotiate with State Revenue Fix
We have a tax investigation in one of our clients at least once per quarter, so we accumulated great experience in working with our State Revenue Service During all these work we noticed that zillions of issues could be avoided, if you anticipate State Revenue Repair in a professional way Sometimes politeness, history of kept promises, availability and answering of all the requests in a сconfident technology can save you more money than hiding and recruitment of best lawyers to defend you advantages Everybody should do their job properly, so helping SRS to address their concerns will open you road to easier find compromise on questions that are vital for you.
